Apache Capital has announced hugely positive GRESB results across its rental living portfolio and platform with an overall score for its multifamily portfolio of 86 and 5* for its flagship single family housing Present Made, Eddington scheme, which Housing Minister Matthew Pennycook visited just last week.
Apache’s multifamily portfolio includes 5,000 homes across Birmingham, Brighton & Hove, Edinburgh, Glasgow, Leeds, Liverpool and Manchester, all of which were submitted for performance as operational assets. The portfolio received a rating of 4*, overall, marking a year-on-year improvement in line with Apache’s operational strategy. Apache’s first asset Angel Gardens in Manchester – built in 2019 – has seen its GRESB score more than double in four years and is also rated 4* for the first time.
Apache’s rental platform Present Made, which delivered its first Single Family Housing-led scheme in Eddington, Cambridge, was also reviewed and came out with the maximum 5* thanks to its strong ESG and health and wellbeing credentials.
GRESB provides an industry-standard benchmark for ESG performance, allowing real estate portfolios to be evaluated and compared globally. The 2025 GRESB results are based on activities conducted in 2024, and Apache has been striving hard to increase scores across all assets year upon year.
Nikki King, Director, ESG & Operations at Apache said: “We are delighted with the latest GRESB results which not only show strong improvement across our multifamily portfolio across regional cities, well above the industry average, but our first single family housing development Present Made – which we also operate – achieved the maximum scores despite only being launched this year. We are working hard on our 2025/26 ESG strategy including refreshing our targets, and look forward to launching this as soon as it’s ready.”
Apache Capital, with its operator partner Moda Living, has reached practical completion of their new rental neighbourhood in Brighton and Hove, opening the second and final phase of 564 new homes alongside extensive new public realm, retail units and flexible commercial spaces to a former brownfield site.
The completed Hove Central build-to-rent community, funded by a joint venture between Apache Capital and our investment partner KKR, has transformed the former Sackville Road Trading Estate into a thriving community spanning 8.8 acres across six buildings.
One of the most prominent build-to-rent projects on the South Coast, Hove Central contains 564 homes designed and built to best-in-class specifications. Featuring Samsung integrated appliances, floor-to-ceiling windows and smart building systems, the interior-designed apartments are available from studios to three-bedroom complexes.
Residents have access to 17,000 sq ft of amenities, including a 24/7 gym, fitness and yoga studios, co-working spaces, residents’ lounges, cinema, rooftop terraces and communal gardens. A suite of high-end services including 24-hour concierge, maintenance and security teams and a packed resident events programme, complete the offering, with high-speed Wi-Fi and pet-friendly apartments provided as standard.
More than 60% of the site is dedicated to landscaped gardens, public squares, pedestrian routes and green spaces. The project has also delivered more than 50,000 sq ft of commercial and retail space to complete a vibrant, mixed-use environment for residents and the wider community. Additionally, 10% of the homes are let at discounted market rent.
The neighbourhood holds a top-level three-star Fitwel certification, the world’s leading accreditation for wellness-centric projects in the built environment. Wellbeing has been embedded throughout the design and operation, supporting residents to live healthier, more connected lives.
Planning for Hove Central was granted in 2020, with work commencing on site in October 2021. The first three-building phase of the neighbourhood opened its doors to residents in mid-2024, with the newly completed remaining blocks now handed over.
Having agreed the city’s largest ever private Section 106 contribution, Apache Capital has invested in and runs a £500,000 bespoke, city-wide public art strategy. This has included the commissioning of a year-long Artist-in-Residence at Hove Central, a series of 52-metre murals by local artists, as well as bespoke public artworks developed with input from voices across the Brighton and Hove community.
Jamie Snary, Executive Director, Asset Management & Operations at Apache Capital, said: “Hove Central is a brilliant example of how many partners have come together to deliver a truly inspiring regeneration, offering a mix of rental living tenures alongside a positive social impact for the local community. As investor and asset manager, Apache Capital has been working hard to ensure both the original vision of the neighbourhood is delivered, alongside bringing in commercial and mixed use occupiers to place make for the future as part of our ongoing commitment to provide exemplary living experiences for a growing rental demographic.”
Peter Kyle, MP for Hove and Portslade, said: “It’s fantastic to see Hove Central completed and already bringing new life to this part of the city. From the very beginning, Moda promised to build a neighbourhood that would feel like part of Hove and that’s exactly what they’ve done.
“The new homes, public spaces and creative partnerships show what can be achieved when developers work hand in hand with local authorities and the community. Hove Central isn’t just new buildings; it’s a place where people, art and local life come together, and it’s a legacy the city can be proud of.”
The development was designed by Whittam Cox Architects and delivered by main contractor Midgard. Moda Living worked closely with Brighton & Hove City Council and local community stakeholders throughout the planning and delivery phases to ensure the neighbourhood integrates with, and benefits, the wider area.
APACHE CAPITAL APPOINTS BARBORA SZABOVA AS OPERATIONS DIRECTOR AS IT CONTINUES TO SCALE ITS RENTAL LIVING PLATFORM
London, UK, October 2025 – Apache Capital has appointed Barbora Szabova as Operations Director in a key leadership role.
The investment manager, developer and operator of rental living currently has over 5,000 multifamily and single-family homes across the UK, with another 3,000 in the pipeline. It is continuing to actively scale its platform, delivering quality, purpose-built homes to a wide demographic of renter in well-connected locations across London and the Southeast.
Barbora joins from Collegiate AC where she was Head of Operations for four years leading on its PBSA portfolio in UK with responsibility for Asset Management, Strategic Planning, Operations, Facilities Management, Sales and Marketing. She has also held senior role at AMRO Partners, and played a key role in shaping the people strategy at Nido and Greystar Europe, focusing on both the resident experience and employee engagement. Her broad expertise across operational management, leadership, and customer experience will support Apache’s integrated rental platform Present Made’s continued growth and commitment to delivering exceptional rental living whilst driving performance in its regional prime multifamily portfolio.
Scott Berry, CFO at Apache Capital, said: “Barbora’s role and her capability is key to the continued scaling of our rental living platform. She brings with her over 15 years’ experience in the living sector and we are delighted to have her in our senior team. Operations are crucial to the success of rental housing both in terms of generating returns for investors and delivering an exceptional living experience for our residents.”
Barbora Szabova adds: “Apache Capital is one of the sector’s leading businesses in rental living. With its unique ability to invest, asset manage, develop and operate, all teams work together to add value from day one which means the end result is exemplary. Operations are crucial to this and I look forward to increasing our institutional grade processes, data and systems which we will leverage to continue to drive the market when it comes to rental housing.”
Apache Capital’s rental living platform, Present Made, recently delivered and fully pre-leased its second phase at its build to rent scheme in Eddington, Cambridge – the first purpose-built development of its kind featuring on-site operations and management for its 373 multifamily and single-family homes. In addition, Apache has a prime multifamily portfolio with assets in Birmingham, Brighton & Hove, Edinburgh, Glasgow, Leeds, Liverpool and Manchester.
Apache Capital has completed a flurry of commercial lettings across its joint venture multifamily portfolio with Moda Living in regional cities, as it aims to add further convenience and amenity to its rental living communities.
The investment manager, developer and operator of rental living has signed up a number of national convenience stores in schemes across Birmingham, Edinburgh and Glasgow, capitalising on the growth of the 24/7 consumer culture which continues to evolve post-Covid-19.
In Birmingham, Apache has secured Asda at The Mercian – the city’s tallest residential tower with over 481 rental apartments. The retailer has committed to taking 4,500 sq ft and is set to open in 2026 as part of its new C-store concept. Also in the city, Apache has secured Tesco at Great Charles Street, its 722-unit, highly amenitised new neighbourhood which topped in July. Tesco will be taking 4,000 sq ft for its convenience brand and will also open in 2026.
In Edinburgh, Apache has signed two retailers at The McEwan, its 524-unit scheme. The first is Scot Mid Co-Operative, which recently opened, and an independent speciality food-led convenience store, which opens later this year.
Jamie Snary, Executive Director of Asset Management and Operations at Apache Capital, said:
“Our prime multifamily portfolio offers city-centre living and has been delivered with the highest quality amenities and services for a mix of time-poor consumers. We are creating neighbourhoods that are long-lasting and serve residents’ lifestyles. With many working more flexibly post-Covid – whether it’s home working or adopting a hybrid working style – we have already included co-working spaces across our schemes and, as a result, more of our residents are choosing to shop locally and more frequently with ‘top-up shopping’ and convenience front of mind.
“Having convenience stores as anchor commercial occupiers in such new placemaking schemes is crucial by adding another level of amenity to our residents. Furthermore, convenience stores have been an outperformer of retail over the last few years and as investment managers, securing these long-established operators adds both income and value for our investors.”
Richard Smith, Managing Director of Operations at Moda Living, added:
“These lettings are brilliant additions to the lifestyle and convenience at the fingertips of our residents and enhance our city-centre living offer even further. We’re proud to be working with a blend of leading household brands and independent retailers in neighbourhoods across the UK, bringing more choice to our residents and wider city communities.”
As part of its JV with Moda Living, Apache has funded and developed over 3,000 operational BTR units in core regional cities, with another 3,000 in the pipeline as part of its prime multifamily portfolio. With schemes ranging from 325 units to over 700, neighbourhoods are being carefully curated with communities featuring a mixture of young professionals, families and, to a lesser extent, students and downsizers too.
Apache is advised by Metrus on commercial leasing.
Apache Capital has signed two retailers at The McEwan, its 476-unit rental neighbourhood in Edinburgh’s historic Fountainbridge district. The first is Scot Mid Co-Operative, which recently opened, and an independent speciality food-led convenience store, which opens later this year.
The community, developed as part of Apache’s multifamily portfolio was completed last month and has already been rated the top rental neighbourhood in the city by BTR review site Homeviews.
The completed development offers 15,000 sq ft of best-in-class amenities, including a 24/7 gym and fitness centre, private dining room, co-working spaces, cinema room, and rooftop terraces with sweeping views of Edinburgh Castle – all included as part of the monthly rent. Located in the heart of the capital, The McEwan is conveniently located within walking distance of Haymarket station, the city centre and several major universities, offering excellent connectivity for residents studying or working in Edinburgh. The development was also the first building in Europe to achieve the highest, 3-star Fitwel rating, demonstrating the JV’s commitment to maximising the health and wellbeing of its residents and the wider Edinburgh community.
The neighbourhood was the first development in Scotland to be brought forward by Moda, Apache Capital and its investors Harrison Street and NFU Mutual. Robertson Construction Central East has recently completed the final phase of the remaining 139 high-quality rental homes bringing the total number of units at The McEwan to 524.
Jamie Snary, Executive Director Asset Management and Operations at Apache Capital, said:
“The McEwan is another exemplar BTR asset forming part of our prime regional portfolio. Alongside welcoming our new residents we have also secured the first commercial occupiers including two convenience-led retailers which have now opened and have contributed to the placemaking of the neighbourhood, offering residents and locals a choice of local and international produce on their doorstep.”
Leanne Reid, General Manager at The McEwan, said:
“Our focus at The McEwan has always been to provide an unparalleled living experience in Edinburgh and the addition of these new stores supports this with added choice and convenience for our residents and local people. We welcome the new additions to the neighbourhoods and look forward to working with them towards the shared goal of maintaining a thriving city centre community.”
The McEwan development completes with 139 new homes and amenities at the city’s top rated rental neighbourhood
The McEwan, the 476-home rental neighbourhood in Edinburgh’s historic Fountainbridge district has marked the completion of its final phase.
Located on the site of the former McEwan’s Brewery, Moda, The McEwan is rated the number one BTR neighbourhood in the city on BTR review site Homeviews, with 139 new homes opening the doors to their new residents.
Spanning 140,000 sq ft, the completed development offers 15,000 sq ft of best-in-class amenities, including a 24/7 gym and fitness centre, private dining room, co-working spaces, cinema room, and rooftop terraces with sweeping views of Edinburgh Castle – all included as part of the monthly rent.
Located in the heart of the capital, The McEwan is conveniently located within walking distance of Haymarket station, the city centre and several major universities, offering excellent connectivity for residents studying or working in Edinburgh. The development was also the first building in Europe to achieve the highest, 3-star Fitwel rating, demonstrating Moda’s commitment to maximising the health and wellbeing of its residents and the wider Edinburgh community.
The neighbourhood was the first development in Scotland to be brought forward by Apache Capital with its investors Harrison Street and NFU Mutual and as part of the prime BTR JV with Moda Living. Robertson Construction Central East has completed the final phase of the remaining 139 high-quality rental homes. These add to the existing mix of studios, one-, two- and three-bedroom apartments, ideal for a mixed demographic who make renting their tenure of choice.
Delivery of the neighbourhood’s second phase generated £32.8m of social, local and economic value, with almost £17m spend with SMEs and £18m spent with a local supply chain. The build generated 419 weeks of on-site apprenticeship training, with 244 local people employed on the site. Robertson also achieved the highest possible Considerate Constructors Scheme score while on site, with a 45/45.
Both phases of the neighbourhood were funded by Apache Capital with its investors Harrison Street and NFU Mutual.
Jamie Snary, Executive Director Asset Management and Operations at Apache Capital said: “The McEwan is another exemplar BTR asset forming part of our prime regional portfolio, bringing another 139 homes into operation adding to the 6,000 units which are either operational or in the development pipeline. Alongside welcoming our new residents we have also secured the first commercial occupiers including a convenience-led retailer which will be opening imminently.”
APACHE CAPITAL CELEBRATES TOPPING OUT OF ITS NEW £300M BUILD TO RENT SCHEME IN BIRMINGHAM
A new 722-home neighbourhood on the edge of Birmingham’s Jewellery Quarter has reached its highest point, marking an exciting construction milestone in the delivery of a vibrant new urban community in the heart of the city.
In a funding JV led by Apache Capital and its investors Harrison Street and NFU Mutual, the team celebrated the topping out of the Great Charles Street neighbourhood last week. The neighbourhood, located on the former Ludgate Hill Carpark, started on site in April 2023 and is made up of three blocks ranging from six to 39- storeys.
In addition to the one- to three-bedroom homes for rent, the neighbourhood will give residents access to an extensive range of amenities, including a 24/7 gym, co-working spaces, private dining rooms, resident sky lounges, roof terraces, and a cinema room.
These will be complemented by a regular programme of events with a focus on community, health and wellbeing.
Reactivating a gateway site between the Colmore Business District and the Jewellery Quarter, the new neighbourhood will be surrounded by landscaped green spaces and public realm, aligned with Birmingham City Council’s proposals to create a more accessible and pedestrian-friendly city centre.
The character of city’s iconic Jewellery Quarter is also reflected in the design for the ground floor retail spaces which are expected to be home to boutique shops, independent café-bars and restaurants and wellness amenities.
Construction of Great Charles Street has seen the continuation of Moda and Sisk’s Skills and Training hub first launched during construction of Moda, The Mercian, and backed by the West Midlands Combined Authority.
So far, delivery of the project has resulted in:
- 35 apprentices and graduates trained
- 292 people trained on site
- 555 local people employed
- 305 hours spent supporting unemployed people into work
- 50,000 tonnes of waste either reused or recycled
- £12m+ spent with local businesses
To recognise the work of the Skills and Training hub, the Topping Out was marked with talks from four of the 35 apprentices working on the regeneration project. They then made the final concrete pour on top of the building, cementing builder’s tools into the top of the building to secure the legacy of the Skills and Training hub in the development.
As with all of Apache’s regional city BTR neighbourhoods, Great Charles Street will target leading ESG certifications, including three-star Fitwel certification as part of Moda’s status as a global champion for the healthy building accreditor.
The project is backed by an investment JV between Apache Capital, Harrison Street and NFU Mutual. The finance deal for the neighbourhood was the largest ever seen in a UK regional city for a BTR development.
In addition to delivering the new homes, the Apache JV is also working with local stakeholders and partners including West Midlands Combined Authority, Birmingham City Council and the Jewellery Quarter Development Trust, to enhance public spaces in the area. This includes the planned £120,000 transformation of the Livery Street subway, which will improve connectivity between the Jewellery Quarter and the city’s Colmore Business District.
Jamie Snary Executive Director, Asset Management & Operations, at Apache Capital said: “Build-to-Rent is going from strength to strength in Birmingham, and the wider UK. This is our second scheme in the city, building on the success of The Mercian and is a welcome addition to our portfolio of regional city-centre assets. High quality BTR schemes continue to perform and we are excited to see how the community evolves.”
Apache Capital and Moda Group agree land sale in Hove to Homes for Brighton & Hove
• Apache and Moda have agreed to sell a land plot adjacent to BTR neighbourhood in Brighton & Hove, subject to planning permission.
• The site will be delivered by Homes for Brighton & Hove, a joint venture between Brighton & Hove City Council and housing association the Hyde Group.
• The site will see the delivery of more than 300 much-needed affordable homes, subject to planning permission.
June 2025 – The joint venture (JV) between UK-focused living real estate investment manager Apache Capital (Apache) and rental living developer/operator Moda Group (Moda) has agreed to sell a development plot to affordable housing provider Homes for Brighton & Hove.
Homes for Brighton & Hove was established seven years ago as a joint venture between Brighton & Hove City Council and the Hyde Group, with the purpose of delivering 1,000 lower income households in the city.
The land disposal marks the final phase of Apache’s and Moda’s build-to-rent (BTR) neighbourhood Moda, Hove Central. The Apache/Moda JV, which was formed in 2015 to own, develop and operate prime multi-family developments in the UK’s core regional cities, has transformed a former trading estate into a new community-focused neighbourhood combining 564 purpose-built rental homes, retail, Grade-A office space and public realm.
More than 70% of the released units at the neighbourhood were let within six months after opening. Residents benefit from access to extensive amenities including a gym, cinema room and co-working spaces. The new homes from Homes for Brighton & Hove will be added to the affordable homes already being delivered at Hove Central. In the final phase of the development, a self-contained office building is also being delivered which will bring much-needed Grade A space to the surrounding community.
The public realm, which accounts for over 60% of the site, includes landscaped communal gardens, retail, and leisure facilities, delivering significant social value to the local community. A £500,000 Public Art Strategy implemented by Moda as part of its S106 contribution will see bespoke pieces by local, national and international artists installed in the public realm, designed in collaboration with Hove Central residents and the local community.
Apache and Moda’s JV has created one of the largest privately funded BTR platforms in the UK, having delivered over 3,000 homes across Manchester, Liverpool, Leeds, Edinburgh, Glasgow, and Birmingham, where it has another 722 homes under construction. KKR funded Hove Central in partnership with Apache.
John Dunkerley, Chief Executive Officer at Apache Capital, said:
“Hove Central is a diverse and multi-faceted masterplan which will now deliver high-quality housing across a range of tenures alongside its positive environmental and social impact on the area.
“We prudently adapted our strategy to satisfy market demand, with the new affordable provision set to supply much-needed social housing in the area and bolster the placemaking credentials of the scheme, which is already a hive of activity despite only opening in Spring 2024.
“Leasing activity at the build-to-rent element illustrates the strength of demand for a living proposition underpinned by high-quality sustainable rental housing, professional management and amenity offerings, which is also seen through investor confidence. Institutional capital continues to be drawn to the sector’s strong structural tailwinds and growth outlook, and one in which Apache has one of the largest operational portfolios.”
Tony Brooks, Executive Chair at Moda Group, said:
“From site acquisition and planning through to delivery and long-term operation, we have worked closely with Brighton & Hove City Council and the city’s wider community to deliver a neighbourhood that meets its needs and embraces the vibrant spirit of this amazing location.
“The sale of this final plot to an affordable housing provider is a fitting conclusion, helping to address the city’s housing need while reinforcing our long-term commitment as a partner and neighbour to Brighton & Hove. We look forward to seeing these much-needed homes come to fruition as part of the wider masterplan at Hove Central.”
To date, Homes for Brighton & Hove has delivered almost 350 homes. It is estimated that around 7,500 households are currently on the housing register in Brighton & Hove, with nearly 1,800 currently in emergency and temporary accommodation.”
Jaime Buckley, Hyde Group Development Director, said: “We’ll be applying for planning permission in June 2025 to build 306 affordable homes at Sackville Road, 183 for council-rent and 123 for shared ownership. The homes will be designed to high sustainability standards using renewable energy systems and will deliver 10% biodiversity net gain. Should permission be granted, we hope to start construction in early 2026.”
APACHE CAPITAL APPOINTS BEN O’CONNOR AS IT EXPANDS INVESTMENT AND OPERATIONAL RENTAL LIVING PLATFORM
London, UK – March 2025 – Apache Capital has appointed Ben O’Connor as Portfolio Investment Director as it continues to grow its investment and operational capability under its vertically integrated platform focused on UK rental living.
Ben is a highly experienced investment professional specialising in residential property, with a strong track record in deal origination and execution, portfolio and investment strategy, underwriting and analysis, value-add capital projects, investor relations, and debt strategies. He is also a core committee member of the investor and lender forum for the Association of Rental Living (ARL).
Ben joins from Get Living, where he was a Senior Portfolio Manager in investments, overseeing all origination, acquisition, and divestment opportunities. Prior to Get Living, he worked in investment management and capital markets at Lendlease London. He also brings expertise in technology, innovation, and sustainability, all of which align with Apache Capital’s focus on operational excellence.
During his career, Ben has underwritten over £5bn in living sector transactions, managed investor and shareholder relationships, been an active member of investment committees, overseen fund valuations, development projects, and land holdings, and led the operational performance of large-scale assets. Having lived and worked in North America and Australia, he has extensive international connections and deep experience in global capital markets.
His appointment is the latest in a string of hires to further expand Apache’s in-house operational function, which has been crucial to the success of its prime build-to-rent portfolio of over 3,000 operational homes, delivered in partnership with developer Moda Living, and its newly-launched single-family platform, Present Made, that recently opened its doors to its first purpose-built community, Present Made of Eddington in Q1 2025.
In the last 12 months, Apache has scaled up its operations and added key senior people to the team including Scott Berry who joined in 2024 as Chief Financial Officer having previously been at Watkins Jones, Fresh Property Group, Northstar Asset Management Europe and Fortress Investment Group.
John Dunkerley, chief executive of Apache Capital, said:
“Ben’s appointment is a key step in our strategy to provide tailored solutions to long-term institutional partners in the rental living sector. With a growing portfolio of build to rent assets and our single-family housing platform, Present Made, we are expanding our footprint in key markets. Ben’s expertise in portfolio investment, and his focus on ESG and technology will help drive innovation across our platform. Our in-house operating model is a crucial differentiator in the sector, and Ben’s skillset will be invaluable as we continue to scale. We are delighted to welcome him to the team.”
Ben O’Connor said:
“Apache Capital is a pioneer in build to rent and is taking that same forward-thinking approach into new segments with Present Made. I am excited to bring my experience in rental living, alongside my background in investor relations, sustainability, and technology, to help drive Apache’s next phase of growth. The business has a strong track record in developing high-quality assets with institutional appeal, and I look forward to working with the team to realise its ambitions.”
Apache Capital achieves four star GRESB Rating for operational multi-family build-to-rent assets
Apache Capital has achieved a four star GRESB Rating for its operational platform 1 multi-family build-to-rent assets – which include The Lexington (Liverpool), The Mercian (Birmingham), Holland Park (Glasgow), The McEwan (Edinburgh), and New York Square (Leeds) – for 2024.
Apache achieved a score of 82/100, ranked in 8th place amongst its peer group as a whole, and in 2nd place across select peer groups.
Apache’s results this year underline the strength of its ESG strategy at both a portfolio and corporate level, with GRESB assessing a wide range of performance components relating to operational assets and corporate procedures.
Maximum scores were achieved in matters relating to Data Monitoring & Review; Tenants & Community; Targets; Risk Assessment; and policies, with high scores in other areas.
They also demonstrate Apache’s commitment to improvement and growth, where its new ESG initiatives resulted in a higher score than last year.
Director of ESG & Operations, Nikki King, said: “As fiduciaries of institutional capital, we are committed to ensuring sustainability and ESG objectives of our capital partners are comprehensively met. Having one of the UK’s largest operational multi-family portfolios is key to this as it gives us added visibility and data on factors impacting performance, helping to inform the continued development of our strategy.
“We place a strong emphasis not only on carbon reduction, but also the wellbeing of our residents and surrounding local communities, where we are making long-lasting and meaningful change in our areas of operation to drive value for our investors and uphold our commitment as a responsible member of society.”
Apache Capital is one of the UK’s most prolific build-to-rent investors. It’s multi-family build-to-rent portfolio – where Moda is developer and operator – is one of the largest in the UK, with over 3,000 homes of its +4,000 home pipeline being operational. Its wholly-owned single-family housing platform, Present Made, has two schemes in its portfolio; a 373 development in Cambridge, which is under construction, and a 650 home tri-tenure scheme in Bedford being delivered through a joint venture with Miller Homes.